Xoom, PayPal’s money transfer service, announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the underbanked segment. This new service expands the company’s offering to send money to mobile wallets in Burundi, Cameroon, Ghana, Kenya, Madagascar, Malawi, Mozambique, Rwanda, Tanzania, Uganda, Zambia, and Zimbabwe—with plans to include more markets in 2021. Read more
Competentia, the global recruiting and workforce management specialist, today announced the acquisition of Dare, a leading professional recruitment and contract staffing agency with a 30 year history, expanding the company’s footprint in the Asia Pacific region. The acquisition sees Competentia add Singapore to its expanding list of global office locations. Read more
After opening a private allocation for their crowdfunding campaign only 25 mins before, leading payments platform Wirex has reached their target of raising £1 million in less than 1 and a half hours. With over £1.3 million already raised, Wirex has been pushed into overfunding, and will remain open to give the community the opportunity to invest further as they enter the next phase of their fundraising campaign with Crowdcube. Read more
At HUAWEI CONNECT 2020, Sunline and Huawei jointly released the Digital Loan One Box Solution — a global contactless solution for financial services. This solution will be rolled out across countries and regions, such as Southeast Asia, the Middle East, Latin America, and Africa, where financial inclusiveness is urgently necessary. Read more
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies, has partnered with social network, messaging and e-commerce startup Wakanda Messenger to provide the payments element for their online marketplace and money remittance service. Wakanda Messenger, developed by Kemit Kingdom, will be widely available on iPhone and Android from 15 October 2020. It has already launched its Beta app in Africa and Europe to a selected audience of 20,000 trial users. Read more
On September 7th, Professional Wealth Management (PWM) magazine, a publication from the Financial Times, released the fourth edition of its annual report: ‘A Guide to Global Citizenship: The 2020 CBI Index’. It evaluates all active citizenship by investment (CBI) programmes in the world and ranks them against nine pillars deemed most important to individuals seeking second citizenship by means of investment. Read more
Keeping in sync with its drive for change, Bithumb Global has launched BG Learning—a platform that aims to enable new investors to learn more about specific projects before investing in them. To spice up the entire process, the platform has introduced a reward system that incentivizes participants with project tokens for their progress. With BG Learning, the platform has yet again proven its penchant for making blockchain easier and more lucrative for those who want to invest in it but are always held back due to the lack of knowledge. It is filling this gap now through the BG Learning platform which would reward users for learning. Read more
sync. is aiming to become the first digital smart open banking app offering their easy-to-use financial services across Europe, promising to manage every aspect of a user’s financial life in one place.
sync. was created out of frustration with traditional banks and the niche offering of new challenger banks that are not responding to all the needs of the end customer. Read more
Multi-asset investment platform eToro has today launched a new cloud computing portfolio to give retail investors access to some of the most exciting tech companies in the world.
Cloud computing underpins many of the technologies we use daily, including email, video streaming and social media. As the world retreated into lockdown this year, cloud services became increasingly important for companies big and small, and the sector is forecast to grow 17% worldwide in 2020 as a result. That growth is expected to continue, with analysts targeting a 14% compound annual growth rate for the sector globally over the next five years. Read more
Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. The solutions are automating the bank’s trade and supply chain finance services, providing its corporate customers with access to services online, rather than in-branch. The solutions reduce manual processes, helping the bank to become more efficient and agile, grow its customer base by providing a more seamless digital customer experience and ultimately, generate new revenue streams. Read more